## **Charity Registration No. 1056125** **LONDON CHINESE ALLIANCE CHURCH TRUST TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **LONDON CHINESE ALLIANCE CHURCH TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** Trustees Rev Bradley Chu Lok Man Law Hau Yi Yau Eddie King Chi Man Wai Wun Lao Kam Fung Claudia Lai Charity number 1056125 Registered address 58 Trevelyan Crescent Harrow HA3 0RJ United Kingdom Independent examiner Chi Yeung WONG 30 Springfield Mount London NW9 0SL United Kingdom ## **LONDON CHINESE ALLIANCE CHURCH TRUST** ## **CONTENTS** ||Page| |---|---| |Trustees' report|1-2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Movement of Members Fund|6| |Notes to the accounts|7-10| |Breakdown of Governance Costs|11| ## **LONDON CHINESE ALLIANCE CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2025.** The Board of Trustees presents its report and accounts for the year ended December 31, 2025. ## OBJECTIVES AND ACTIVITIES The objectives of the Charity consist of the advancement of Christian faith in accordance with the Statement of Beliefs (appended to this document) in London and other parts of United Kingdom and world as the Trustees may see fit from time to time. We provide weekly Worship Services in Chinese and English for all ages, children and youth programs, newcomers, adults, and seniors fellowship, weekly bible studies, prayer meetings, as well as campus ministry among other activities. Activities of the Church are held every Sunday morning at Victoria Hall, 1-3 St Johns Road, Harrow, HA1 6QT, and Saturday mornings at The Grove Academy, Fourth Ave, Watford, Hertfordshire, WD25 9RH. ## STRUCTURE, GOVERNANCE AND MANAGEMENT The Trustees of the Charity, who served throughout the year except where stated otherwise, were **Rev. Bradley Chu, Vanessa Siu Chuk Lai (resigned 1/8), Ming Chi Kwok (resigned 1/8), Eddie King Chi Man, Lok Man Law (from 1/8), Kam Fung Claudia Lai (from 1/8), Wai Wun Lao (from 1/8), Hau Yi Yau (from 1/8).** The government document of the Charity is the Constitution of London Chinese Alliance Church. The day-to-day management of the Charity is undertaken by our Trustees who report to the Chairman of the Board which is responsible for the overall management of it. The Trustees, except the appointed Chairman of the Board under the Church’s by-laws, are elected to serve for a period of two years after which they must be re-elected at the next Annual General Meeting (AGM) and then the officers are to be appointed by the Chairman of the Board of Trustees. All members of the congregation are encouraged to stand for election to the Board of Trustees. The Board meets at least once a month. The AGM is to be held once a year after the completion of each calendar year. ## VOLUNTARY HELP AND DONATIONS IN KIND The elected Trustees and other members of the Charity continue to provide their services free. ## ACHIEVEMENTS AND PERFORMANCE Our church elects to see lives transformed by God’s grace, and people impacted and changed as followers of Christ, to have baptize several people and welcome others into church membership, also to embrace people who became believers by accepting Jesus Christ as their Lord and Saviour. 1 ## **LONDON CHINESE ALLIANCE CHURCH TRUSTEES’ ANNUAL REPORT** ## **FOR THE YEAR ENDED DECEMBER 31, 2025.** (Continued) ## PUBLIC BENEFIT The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity. The Trustees review the activities of the charity against its aims on an ongoing basis and are satisfied that all activities continue to be related to the aims which are set in such a way as to benefit society as a whole. ## FINANCIAL REVIEW The Board of Trustees considers that the Charity’s financial position at the year-end was satisfactory. The Board of Trustees has agreed to examine the level of General Reserve from time to time to ensure that it is enough to meet ongoing operation expenditures and running costs over a period of twelve months. ## PREPARATION OF THE REPORT The Trustees declare that they have approved the Trustees’ Report above, and agree that the Chairman of the Board will sign on behalf of the Charity’s trustees. ## BY ORDER OF THE BOARD OF TRUSTEES …………………………………………… Rev. Bradley Chu, Chair of the Board Date: …17 May, 2026… 2 LONDOFI C.Hif*ESE ALLIANC.E C.HURCH TRUST INDEPENDENT EXAMINLRS REPORT TO"fHE' TRUSTEÈS OF LONDON CHINESE ALLIANCE CHURCH TRUST report on th¢ accounts of the LhaTlty for the year ended 31 December 2025 which ar¢ set out on pages 4 to I l. This r¢port is n)ade solely io the eharity's trusteth. as a ￿}dY, in accordance wilh Section 144 of the Chaiiries Act 201 l and regulalions made under section 154 of that Aci. My work hab bccn undcrtaken 50 that L might Sixte to the ¢harity'4 tru%tc¢s rhose matters l am required io state to them Jn an Independent examiner's report and for TLO other purpose. Tts the tiillesl extLnt pcrmitted by law, I do not ac¢H)r or a5¥ume reswnsibility 10 anyone other than th¢ charity and the chority's n￿Ste£S as a budy, for my WOTk, for this report. tsr tor the optntons I have form￿. RESPECTTr'F, RF.SPONSIBILITIES OF GOVERNINC BODY AND EXAMIYF.R Th¢ charity's tnJstLes 2r¢ reswnsible for the PTwativn of th¢ a¥¢ounts, attd they consider that an audit 15 not rcquired tor this yyar und¢r s¥¢tion 144 of the Chariti¢s Act 2011 Ith¢ kntl that an independ￿1 examinotioii 15 n¢ed¥d. It l5 tny responbibiliry to.. examine the accounts under section 145 ofthe Act; follow the procedures laid down in the general Directiolls given by the Charity Commi&8ion under bwtiun 145(5Xbl of the Act: and state whether particular mallers have Come to my attention. BASIS OF INDEPEtiDk.NT EXAMINER'S REPORT My examinatiotj was carried out in accordanL'e with the general Directions gii-crl by the Chariry C.oinmission. An examinati4)n includ¥s a revi¥M' of. the a¢LOEintii)gJ ricord5 kept by th¢ chariry and a comparisoii of ihe 4cLounts prc5Ln￿d wilh iliobe T￿ordS. li also inrludes consideration of any unusual it¢m% or di*10suTes in (he accounts., and SLLkingT ¥xplanations from }'uu tn]st¢LS conLernJng ally siich [nal￿rg. Tjie prnxedllres undertaken nut pF4)vidL' all the evidenLc di¥1 ivullld bL fL.4Uir￿ in an aud&4 and LunsLqULnily no opitiiun is given #s tu ￿'￿ether thL a¢¢ounts pres¢nt a'truL and tair view, atid the ￿POrt 15 liinited tts th08¢' matters S¥t out in thL Stgtem¢nt bLIow. Il¥iDEPENDENT EXAMINER'S STATEMENT In conneciion wiib my examitaation, no matter has conie to my atiention.. 111 which gives me reasonable caust to believe that in any material respect th¢ requirements.. to keep accoullting records sn a¢¢ordance with se¢lion 130 of the Act.. and to Prep￿ financial 5tat¢m¢ttts which a¢cord ￿'￿th the ac¢owiting rectsrds and cotnply with the accounriug requirctn6nts of the Act hav¢ noi b¢eii meL or 12) to w'hiLlI, in my opinion, 4ttentiorL should be djxwn in order to enable a proper understanding of the a¢Lounts to b¢ reaLI1￿. SignLd= Date: 18 August 2026 Chi Yeunq Wong Independenl E¥aininer 30 Sprinofield Mount, Londoll NW9 OSL ## **LONDON CHINESE ALLIANCE CHURCH TRUST** ## **STATEMENT OF THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025** |**Notes**
**Income from:**
Donations and legacies
Worship offerings
Designated Offerings
Investments
Interest Income
**Total income**
**2,3**
**Expenditure On:**
**Charitable activities**
Salaries
Rent and rates
Travelling expenses
Church retreat and conferences
Sundry expenses
**Worship Ministry**
Guest Honorarium
Miscellaneous
**Evangelism & Mission**
Missions
Evangelical expenses
Donations to other organisations
**Christian Education**
Sunday School Materials
Youth Ministry
**Caring Ministry**
Love Gifts
**Total expenditure**
**Net (expenditure)/income for the year**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of Funds:**
Fund balances at 01 January 2025
**Fund balances at 31 December 2025**|**Unrestricted**
**Fund**
**£**
209,964
-
10,941
**220,905**
121,954
34,714
739
-
5,604
4,618
1,435
117
690
336
2,749
2,033
**174,989**
**45,916**
**45,916**
**87,971**
**133,887**|**Designated**
**Fund**
**£**
-
-
-
**-**
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**-**
(94,431)
**(94,431)**
**94,431**
**0**|**Restricted**
**Fund**
107,415
-
-
**107,415**
-
-
-
-
-
-
-
3,990
-
-
-
-
**3,990**
**103,425**
94,431
**197,856**
**311,674**
**509,530**|**Total**
**2025**
**£**
317,379
-
10,941
**328,320**
121,954
34,714
739
-
5,604
4,618
1,435
3,990
117
690
336
2,749
2,033
**178,979**
**149,341**
-
**149,341**
**494,076**
**643,417**|**Total**
**2024**
**£**
185,564
5,640
2,835
**194,039**
111,290
32,951
369
285
4,666
4,130
1,027
500
310
718
96
879
1,747
**158,970**
**35,069**
-
**35,069**
**459,007**
**494,076**| |---|---|---|---|---|---| 4 ## **LONDON CHINESE ALLIANCE CHURCH TRUST** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |**Notes**
**Fixed Assets**
**4**
**Current Assets**
Cash at bank and in hand
Debtors
**7**
**Net current assets**
Creditors : amounts falling due
**8**
within one year
**Total Assets Less Liabilities**
**Financed by:**
Unrestricted funds
Restricted funds
Designated funds|**£**
644,898
6,579|**2025**
**£**
-
651,477
**651,477**
(8,060)
**643,417**
133,887
509,530
0
**643,417**|**2024**
**£**
**£**
-
478,040
22,514
500,554
**500,554**
(6,478)
**494,076**
87,971
311,674
94,431
**494,076**| |---|---|---|---| The accounts were approved by the Trustees on 17 May 2026 …………………… Rev Bradley Chu On behalf of the Board of Trustees 5 ## **LONDON CHINESE ALLIANCE CHURCH TRUST FOR THE YEAR ENDED 31 DECEMBER 2025** ## **MOVEMENT OF MEMBERS FUNDS** **----- Start of picture text -----**
Designated Funds Unrestricted Restricted Funds TOTAL
Funds
Missions/ Total Missions/ Total
Name of fund Church Thelogical Charity Designated General Church Thelogical Charity Restricted
Reserve Fund & Other Funds Reserve Fund & Other Funds
Balance as at 01.01.2025 94,431 (0) (0) 94,431 87,971 236,580 259 74,835 311,674 494,076
Add: Worship Offerings - - - - 209,964 103,944 3,471 - 107,415 317,379
Interest Income - - - - 10,941 - - - - 10,941
Total Income - - - - 220,905 103,944 3,471 - 107,415 328,320
Less: Payments in year - - - - 174,989 - 3,990 - 3,990 178,979
- - - - - -
Total Payment 174,989 3,990 3,990 178,979
Transfer between funds (94,431) (94,431) - 94,431 - - 94,431 -
Balance as at 31.12.2025 - (0) (0) 0 133,887 434,955 (260) 74,835 509,530 643,417
**----- End of picture text -----**
6 ## **LONDON CHINESE ALLIANCE CHURCH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **1. Accounting policies** ## **1.1 Basis of Accounting** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Statement of Recommended Practice for Charities (SORP) (Second Edition, effective 1 January 2019). The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **1.2 Preparation of the accounts on a going concern basis** Having considered future budgets and cash flows, the trustees confirm that they have no material uncertainties about the entity’s ability to continue as a going concern for the foreseeable future. ## **1.3 Income recognition** This comprises donations and investment income. All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Legacies are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measureable with a degree of reasonable accuracy with the title of the asset having been transferred to the charity. Investment income is credited to income when it is receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## **1.4 Expenditure** Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is recognised on an accruals basis as a liability is incurred, inclusive of VAT, which cannot be recovered. Charitable activities comprise mainly of staff costs, premises and administrative costs. 7 ## **LONDON CHINESE ALLIANCE CHURCH TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **1.5 Fixed asset and depreciation** Fixed asset is stated at cost less accumulated depreciation. Office equipment 20% straight line method ## **1.6 Designated Funds** Designated funds are subject to specific conditions by individual funds scheme. Contributions are charges in the Statement of Financial Activity as they become payable in accordance with the rules of the scheme. ## **1.7 Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.8 Cash at bank and in hand** Cash at bank and in hand includes bank accounts, cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.9 Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **1.10 VAT** The charity is not registered for VAT but is unable to reclaim all of the input tax incurred. Irrecoverable VAT is charged to the expenditure heading for which it was incurred. ## **1.11 Estimation uncertainty** In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. ## **1.12 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **1.13 Taxation** As a registered charity no taxation liability arises on the results for the year. 8 ## **LONDON CHINESE ALLIANCE CHURCH TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** ## **2. Donations and legacies** |**Unrestricted**
**Designated**
**Fund**
**Fund**
**£**
**£**
Worship offerings
209,964
-
209,964
0
**3. Investment income**
Bank interest
**4. Fixed Assets**
Office equipment
**Cost:**
Balance b/f as at 01 January
Additions
Balance c/f as at 31 December
**Depreciation:**
Balance b/f as at 01 January
Charge for the year
Balance c/f as at 31 December
Net Book Value:|**2025**
**£**
209,964
209,964
**2025**
£
10,941
**2025**
£
6,409
-
6,409
6,409
-
6,409
-|**2024**
**£**
185,564
185,564
**2024**
£
2,835
**2024**
£
6,409
-
6,409
6,409
-
6,409
-| |---|---|---| ## **5. Trustees** Except for Rev Bradley Chu, none of the Trustees (or any persons connected with them) received any remuneration during the year. ## **6. Employees** During the year, the average monthly number of employees was 5 (2024 -5). 9 ## **LONDON CHINESE ALLIANCE CHURCH TRUST NOTES TO THE ACCOUNTS (CONTINUED) #REF!** |**7. Debtors**
Prepayment and Accrued income
**8. Creditors**
Taxes and social security costs
Accruals|**2025**
£
6,579
6,579
**2025**
£
2,592
5,469
8,060|**2024**
£
22,514
22,514
**2024**
£
3,814
2,664
6,478| |---|---|---| 10 ## **Breakdown of Governance Costs** |Conference & retreat
Gross Wages
Pension
Employers N.I.
Rent
Church Rent
General Rates
Premises Insurance
Electricity
Travelling
Mileage claim
Telephone
Advertisement
Relocation fee
Youth Ministry
Admin|**2025**
0.00
116,230.40
3,323.67
2,399.49
0.00
32,296.28
0.00
0.00
2,418.02
36.83
702.08
585.28
1,458.00
0.00
2,749.49
3,225.61
165,425.15|**2024**
285.44
104,612.55
3,011.33
3,665.92
0.00
31,820.60
0.00
0.00
1,130.39
25.05
344.25
347.73
1,200.00
0.00
879.04
3,118.37
150,440.67|**2023**
0.00
83,990.04
2,721.01
2,514.50
0.00
24,120.00
0.00
0.00
3,249.21
0.00
165.60
294.10
0.00
0.00
0.00
639.24
117,693.70|**2022**
0.00
63,549.96
2,432.16
1,607.54
0.00
22,933.82
104.00
0.00
620.29
28.00
1,499.02
180.84
36.00
0.00
0.00
197.79
93,189.42|**2021**
1,454.00
62,129.20
1,826.14
1,436.93
1,000.00
8,165.00
0.00
393.54
0.00
70.65
268.20
180.84
1,032.00
536.00
0.00
915.88
79,408.38| |---|---|---|---|---|---|